Fiscal Year March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

During the consolidated cumulative period for the third quarter of the fiscal year ending March 2026, net sales were 1,141,237 million yen, a 10.9% decrease YoY. The main factors were reduced domestic supply of light trucks and decreased sales in the ASEAN region overseas. Operating income increased 39.3% YoY to 62,764 million yen due to fixed cost reductions and other factors, and ordinary income rose 179.2% YoY to 55,008 million yen. Net income attributable to owners of parent significantly improved to 30,580 million yen compared to a loss of 265,366 million yen in the same period last year. By segment, net sales in the Japanese market were 781,524 million yen (a 12.3% decrease YoY), the Asian market was 291,642 million yen (an 11.0% decrease YoY), and other regions were 206,594 million yen (a 17.8% decrease YoY).

Financial Position and Revision of Earnings Forecast

Total assets declined by 116,875 million yen from the previous consolidated fiscal year-end to 1,361,305 million yen. Liabilities decreased by 157,645 million yen to 1,069,513 million yen, mainly due to payments related to criminal penalties associated with the engine certification issue. Net assets increased by 40,770 million yen to 291,791 million yen. The full-year consolidated earnings forecast was revised reflecting yen depreciation, price improvements, fixed cost efficiencies, and sale of held shares, with net sales projected at 1.55 trillion yen, operating income at 75 billion yen, ordinary income at 70 billion yen, and net income attributable to owners of parent at 75 billion yen.